May 19 (SeeNews) - Bulgarian hydraulic equipment manufacturer M+S Hydraulic [BUL:5MH] said on Tuesday that its shareholders have approved a gross dividend payout of 0.26 levs ($0.15/0.13 euro) per share for 2019.
The company paid a gross dividend of 0.30 levs per share for 2018.
M+S Hydraulic will distribute a total of 10.25 million levs as dividend for 2019, the company said in a bourse filing.
The hydraulic equipment maker's non-consolidated net profit fell to 12.9 million levs last year from 14.6 million levs in 2018.
M+S Hydraulic shares last traded on the Bulgarian Stock Exchange at a price of 5.95 levs.
The company is an affiliate of blue-chip diversified group Stara Planina Hold [BUL:5SR].
(1 euro = 1.95583 levs)